All Forum Posts by: Dionte Anderson

I have a absentee motivated seller who has been paying $615 mortgage on property in Huntsville Alabama that is vacant and needs a lot of work. This home can rent for $700 per month. Property is underwater but seller is willing to continue to pay $300 monthly and finance the rest to create a spread for a potential investor. Do you think this is a deal I would be able to wholesale for about $1500?

Thanks for the great input @Ralph R.

I'm working with a motivated seller who is an absentee owner. His payments on property are current but he has two mortgages on it leaving him with little to no equity. Property needs a lot of work and his monthly payments of 615 are close to what his home can rent for($650). How would you recommend putting a deal together?

Thank you for your support @Steve Vaughan and @Lori Valene. I found a local attorney for now @Kevin Foster but I look forward to doing business with you in the future 

I have an agreement with a buyer and seller on wholesale seller finance deal but I can't find an attorney who has time to draw up the contract for me until next week. Does anyone know an attorney who is ready and willing to draw up this contract and handle my first close?

I'm here on the ground in Huntsville Alabama. If you're interested in this area I would be available 

@Brian Cloud Basically a straight option contract that is flexible for the seller as well as the buyer 

Does anyone have a flex option contract good for Alabama?

Thank you for your input @Brian Gibbons and @David Dachtera. I'm doing research on option contracts now 

@Brian Gibbons

Are you referring to lease option route? And I forgot to mention owner has property free and clear